Obama & Bain: The Ultimate Smear Campaign

Pages: 1 2

Barack Obama’s campaign and media surrogates are doing everything they can to deflect the election year conversation away from the president’s record. Their principal method for doing so is as surprising as a sunrise: they’re attacking Mitt Romney with all the effort they can muster. Yet as is so often the case with this president and his defenders, overt lying has become an integral part of the equation. One particular lie stands out above all the rest. In an avalanche of coordinated Chicago-style thuggery, they are trying to convince Americans that Romney is a “possible felon” with respect to his tenure at Bain Capital. And they’re hoping the lie repeated often enough becomes the truth.

Before getting into the details of the current attacks, it is worth reminding readers that this is not the first time Democrats and members of the mainstream media were willing to sacrifice their integrity for the so-called greater good of getting their man into the White House. After the 2008 election, it was revealed that 400 progressive journalists, academics and activists coordinated their efforts to insulate Barack Obama from his former religious mentor, Rev. Jeremiah Wright. Employees of Time, Politico, the Huffington Post, the Baltimore Sun, the Guardian, Salon and the New Republic were all part of the so-called JournoList collaboration. That effort consisted largely of attacking anyone who brought up Wright as “racist,” even as they attempted to keep Wright’s own racist rants under the radar in their respective publications.

The current method of attack is different, but equally insidious. On July 12th, Obama’s deputy campaign manager Stephanie Cutter suggested Mitt Romney may have committed a felony. Talking with reporters, Cutter said that Romney’s name on the firm’s filings with the SEC, indicating he was CEO of Bain years after he said he ended active involvement with the company, means that “either Mitt Romney, through his own words and his own signature, was misrepresenting his position at Bain to the SEC, which is a felony…Or he was misrepresenting his position at Bain to the American people to avoid responsibility for some of the consequences of his investments.”

Cutter’s accusation was based on an article in the leftist Boston Globe published the same day, purporting to show that Romney was in charge of Bain Capital longer than he had claimed to be. The timing is critical because the Obama campaign has painted Romney as a jobs outsourcer for what Bain did after Romney ceased running the company in February of 1999 to lead the winter Olympics in Salt Lake City. The Globe contends that Securities and Exchange Commission (SEC) documents filed by Bain Capital state that Romney remained the firm’s “sole stockholder, chairman of the board, chief executive officer, and president” through at least 2002.

Romney claims he was nothing more than a passive, absentee owner during that time, and despite the Globe’s hyperventilating, critical evidence obtained by Fortune Magazine–also published on July 12th–reveals that Romney was telling the truth. Bain Capital circulated offering documents for its seventh private equity fund in June 2000, listing 18 managers of the fund. Romney’s name is not among them, nor is he listed as a “key investment professional” or as part of the day-to-day operations or investment committee of the Bain Venture Fund established in 2001. He continued to fulfill legal obligations to the firm, such as signing legal documents, but all managerial and investment decisions made from the time he left in 1999 until 2002, when he gave up ownership in the company, were made by others.

That reality remains irrelevant to Obama’s leftist water-carriers. After being informed of the information obtained by Fortune, Obama spokesman Ben LaBolt emailed a response that closely resembled Cutter’s remarks. “Mitt Romney either misled the American people or misrepresented himself to the SEC,” he wrote. “Romney has said he had no authority or responsibility for managing Bain since 1999, but that has been proven false.” The Daily Beast’s Andrew Sullivan claimed Romney is “an obvious perjurer and thereby a felon.” DNC chairwoman Debbie Wasserman Schultz parroted Cutter on MSNBC. “Either Mitt Romney was lying on SEC forms and misrepresenting to his investors –which could be a felony–that he was the sole owner, president, CEO of Bain Capital from 1999 until almost the end of 2001, or he wasn’t and represented that he was,” she said.

Yet this week, Cutter’s position on the issue was “evolving” to say the least. Asked by CNN’s Wolf Blitzer on Monday whether she had any regret over using the word “felony,” Cutter responded, “No, absolutely not. It’s a fact. If you’re signing federal documents knowing them to be false, it’s a felony.” Yesterday On MSNBC’s “Morning Joe” Cutter said she wasn’t implying that Romney had committed a crime–at least at first. “We’re not suggesting Romney committed a crime here,” she contended. “We’re actually suggesting he’s not being up front with the American people about what his involvement was with Bain. And day by day more and more evidence comes out that he was involved with Bain.” Yet when asked if she was walking back her remarks of last week she responded, “No, no.”

Pages: 1 2

  • cedarhill

    Couple of things. You can bet that Obama has taken the FBI mishandling of info, ala the Craig LIvingston episode, to places only tyrants dream about. Which means his attack machine has every scrap of anything that ever hit the Federal governments door, mailbox, email even down to the post-it notes on FBI agents calendars along with his latest colonoscopy results.

    Secondly, excepting anything they may save for the October Surprise, Romney's spending machine cannot be unleashed until the GOP Converntion at the end of August. Send McCain and Feingold a thank you note. This means if you don't see anonymous sources leaking damaging information then it's just not there. Since Obama is running as hard as he can away from his record into Borking Land, he must do all his evil smears before Sept 1. At that time, Romney will open his spending gates.

    As a post note – even with the huge spending ability has in using McCain-Feingold to his advantage, he's still not cracking 50% in any honest polling in the states he's showering with ads. My guess is Obama's timeline is even shorter than the next six weeks. This isn't a movie where you build to a crescendo but a prise fight where Obama has to score a knockout in the first few minutes or face a relentless body blow attack over 15 rounds.

  • Robert L. Quinn

    Mitt Romney, as are all Republicans in Congress, victims of there own stupidity and treasonous cowardice. Obama’s Achilles Heal is his birth certificate and selective service registration card are both irrefutable forgeries as now proven by Sheriff Arpaio.

    While the Obama team keeps Mitt on the defensive with lies and distortions the Republicans refuse to even acknowledge the irrefutable evidence exists that Obama’s eligibility documents are forgeries.

    This is the pinnacle of politically correct stupidity and I fear our Republic is doomed. http://www.scribd.com/doc/93794837/Speaker-John-B

  • Tale-of-the-Donkey

    What did Obama create? A biography……make that two biographies!

    Obama is the bane of capital. He does not understand it. He does not understand the risk of capital, the possibility of capital, the magic of how America opened possibilities never before imaginable because it liberated capital for private enterprise.
    American Thinker http://www.americanthinker.com/2012/07/obama_the_

    If Mitt Romney is maladroit at establishing this; he has proven (again) to be the Bane of Conservatives.

  • oldtimer

    Obama knows nothing about the middle class and small business. He's the one that's "out of touch" and Romney should use 0's own words against him. 0 proved it when he said "you didn't build that". The only "job" the 0 had was as a community organizer, showing people how to live off the government system, and raising money for his socialist agenda.

  • umustbkidding

    Let's see here. Zero says that if your business is successful, that it's the government that made you successful. So does that mean that if your business fails that the government is responsible or if out sourcing is the way your company needs to operate to be successful that it is because the government is making it that way?

    Unfortunately today if your business is small and it succeeds then it is against all odds that you beat the government and all of the hurtles that it puts in our way. But, if your business does fail or you end up having to change your business model to make your business profitable, indeed it usually in response to government intrusion.

  • Steve Chavez

    What does Leon Panetta and his FBI AND CIA have that will go after Romney , or his VP pick, as the October Surprise? They could also go after a major supporter of Romney with photos of that person introducing Romney at a major event.


    As this article states about the willing media conspiracy, Romney needs to attack like a starving Lion.

  • LibertarianToo

    I'd like to see the Romney campaign bring up the fact that cocaine possession is a felony, and ask the Pres for comment. Of course that would immediately be denounced as racist.

    • dennis x

      I think the statue of limitations has run out on that one! Try the Rev. Wright approach , the President sat there for 20 years , wait willard sat in a racist church ( one that actually discriminated against Black People) for 31 years! Maybe the birther thing wil work for you.

  • Western Spirit

    Romney has to go on a rampage of truth telling, that's how lies are handled. Obama's dismal record is a good place to start, continue, and finish.

    The Left is trying to get Romney to be a "nice guy" and run a lukewarm campaign when he should be hitting Obama with the truth, the whole truth and nothing but the truth.

    Nice guys finish last.

  • Western Spirit

    Romney has to go on the offensive and not allow himself to be defensive. People on the defense look bad no matter if they are defending themselves from a lie.

    It's a neat trick by the Left to bate him with this lie, and like Hitler said lies told often enough are believed.

  • tagalog

    The government made Bain Capital; Mitt Romney had nothing to do with it. Somebody else made Bain Capital. Romney is obviously an innocent man.

  • BLJ

    Obama is a tool. He has no clue how the free enterprise system works. I still want to know how in the hell he was able to go to Pakistan in 1981? I thought he was a poor college student?

  • Manny Assurian

    Ramni should say that I will release my past years tax returns, if Obama releases his school graduation documentations & the rest of the info that he has his lawyers hide from public.

  • Tatersalad

    You didn't build that!

  • ebonystone

    So Obama and the Dems are calling Romney a felon? That's really rich coming from a party whose whole philosophy amounts to stealing from their opponents to reward themselves and their supporters. It's summed up in the immortal words of Harold Washington, at the party celebrating his election as Chicago's first black mayor: "We're gonna get OURS now!"

  • James Caskill

    It will be interesting as we learn more about Bain capital.

  • stevefraser

    Mitt can't go on the offensive….he's an effete 1%er who has not concept re what he's dealing with re the Obama Fascists.

  • stevefraser

    It's truly amazing how weak and ineffective Mitt and the GOP are dealing with the Progressive/Fascists. Mitl will be on the run through the election and will never be able to "define" Obama" as a dangerous Lefist who threatens the core values of the Republic.

  • http://www.facebook.com/mike.villano.71 Mike Villano

    The parasite in chief destroys jobs and sends them overseas every time he opens his ignorant petulant mouth.
    You'll notice when Dems accuse you of something, they invariably project their own behavior, actions and feelings.
    The more malignant parasites to feed here, the more jobs disappear and move elsewhere.

  • http://raiijnedeywi.sosblogs.com Vaughn

    Make certain you commit a little while investigating local earnings degrees and other aspects,
    for example unemployment costs or community businesses strategies for growing or getting their organizations prior to deciding to spend a lot of cash into
    real-estate. If you’re taking a look at a home that’s close
    to stuff like a college, job centres, or possibly a hospital,
    they’re more likely to promote quickly, as well as an increased importance.